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Q2 Revenue Analysis

Generated May 28, 2026 · 2:14 PM · Source: Xero (live) + sales_data_q2.csv
Total Revenue
$1.029M
+18.4%vs Q1 2026
Gross Margin
36.2%
+2.1ppvs Q1 avg 34.1%
Operating Expenses
$683k
+10.2%within budget
Net Cash Flow
$247k
+31%positive 6 months
Revenue vs Target vs Expenses
Q1–Q2 2026 · Monthly
Revenue Breakdown
by category · Q2 2026
SaaS Subscriptions
58%
Professional Services
24%
One-time Licenses
11%
Support & Training
7%
Gross Margin Trend
Monthly gross margin % · H1 2026
AI NarrativeMistral 7B · Local

Q2 2026 marks the strongest revenue quarter in company history, with $1.029M total revenue exceeding the board-approved target by 14.3%. Growth was primarily driven by SaaS subscription expansion (up 22% YoY) and a step-change in professional services billing.

The April margin compression to 28% warrants attention. Cross-referencing payroll data, this coincides with the 3-person engineering hire cohort incurring onboarding and tooling costs ahead of their first billable month. Margin normalised by May and held at 36% through June.

Cash position remains healthy at $247k net positive for the quarter. At current burn trajectory, runway extends to 22 months without additional fundraising. The Q3 hiring plan (6 FTE) would compress this to approximately 16–18 months.

Action Items4 items
high
Review April margin dip — expenses spiked 6.8% without commensurate revenue gain. Likely linked to new hire onboarding costs.
high
SaaS churn rate at 2.4% this quarter. Initiate customer success outreach for accounts >90 days without login.
medium
Professional Services revenue trending up. Consider pricing review — currently 18% below market rate based on comparable firms.
low
Runway at current burn: 22 months. No immediate action required but Q3 hiring plan may compress to 18 months.
All data processed locally. No data sent to cloud servers.Report ID: r1 · Devglu v1.0